Frequently Asked Questions

No Cost EMI

What is No Cost EMI?

No cost EMI is an offer from OnlyMobiles which helps you to replay your EMI provider only the product price, which you are buying. For example, if you buy a Rs.9,000 item at a 6 months tenure, you will pay your EMI provider Rs.1,500 every month for 6 months. Total payment from your side will be Rs.9,000 at the end of the repayment period. 

Can I get No Cost EMI on debit card?

No. No Cost EMI offer is not available on the debit cards as of now. You need to use your credit card for the same. 

Which all banks credit card I can use to avail No Cost EMI?

You can use Citi Bank, American Express, HDFC Bank, Axis Bank, Kotak Bank, ICICI Bank, SBI Bank, HSBC Bank, RBL Bank, Standard Chartered Bank and Yes Bank credit cards to avail No Cost EMI on mobiles. 

Can I buy anything apart from mobiles?

Yes, You can purchase any product or combination of products on No Cost EMI. The only requirement is your cart value should be more than Rs.5,000. 

What are the charges or down payment for No Cost EMI?

There are absolutely no charges like processing fees or downpayment involved when you purchase with No Cost EMI. However, your bank may charge you GST or any other taxes on the interest component of the EMI. 

Can I use OnlyMobiles coins along with the No Cost EMI offer?

Yes, absolutely. You can use OnlyMobiles coins along with the No Cost EMI offer. Your cart value should be more than Rs.5,000 after applying the deduction of OnlyMobiles coins. 

Will my bank continue to charge me interest?

Yes, your bank or EMI provider will charge you interest. However, this interest charge has been provided to you as an upfront discount at the time of your purchase from our side. So, effectively, you are getting the benefit of a No Cost EMI. 

How my EMIs will be charged?

Usually, EMI providers take 3-5 working days to process your EMI. Once done, your EMI will be charged on monthly basis as per your credit card billing cycle. Please check with your EMI provider or credit card company for such detail.